Ethereum's price rose to new highs, surpassing $4,000 psychological level
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Amid this bullish momentum, traders and investors have been attentively tracking Ethereum's price changes, looking for ways to profit from its rising trajectory. However, the volatile nature of the cryptocurrency market means that fortunes can shift quickly, resulting in substantial gains and losses for market participants.A trader, who goes by the alias"nakamotosatoshi.
However, as the price of ETH soared to $4,030, the trader's collateral became insufficient to cover the borrowed amount, triggering a liquidation event in which the trader was liquidated for 93.16 million cDAI worth $2.13 million.was up 2.43% in the last 24 hours to $4,045 after attaining intraday highs of $4,054. Given the recent price climb, ETH is currently 17.47% away from its all-time high of $4,891, reached in November 2021.
Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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